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Date: 1/1/2009 6:39:26 PM
Author: studog Country Flag
Subject: 12263/19591 - Re: running a DRIP and SPP from a discount brokerage
 
 
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Message:

slimshady on 1/1/2009 3:12:42 PM:
and the DRIP registration documents specifically are meant to be provided to your broker for enrollment

I believe what this is for, and other but not all DRIPs have similar language, is to allow your broker to enroll in the TA-run DRIP on your behalf. Theoretically this would mean fractional reinvestment in your broker account.

This of course requires your broker to cooperate, and since they run their own synthetic DRIPs I'm not at all hopeful they would. Still, you don't know until you ask.

...Stu
 
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